RK Capital Management LLC lessened its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 707,038 shares of the construction company’s stock after selling 130,481 shares during the quarter. RK Capital Management LLC owned 2.78% of LSI Industries worth $6,399,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Genesee Valley Trust Co. purchased a new position in LSI Industries in the 2nd quarter worth $103,000. American International Group Inc. raised its position in LSI Industries by 7.0% in the 1st quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after purchasing an additional 963 shares during the period. Alliancebernstein L.P. purchased a new position in LSI Industries in the 2nd quarter worth $152,000. Metropolitan Life Insurance Co. NY raised its position in LSI Industries by 19.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after purchasing an additional 2,645 shares during the period. Finally, UBS Group AG raised its position in LSI Industries by 5.6% in the 1st quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after purchasing an additional 890 shares during the period. Institutional investors own 77.90% of the company’s stock.

A number of equities analysts recently commented on LYTS shares. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research report on Monday, August 7th. Roth Capital cut shares of LSI Industries from a “buy” rating to a “hold” rating and decreased their target price for the stock from $13.00 to $7.00 in a research report on Friday, August 4th. TheStreet cut shares of LSI Industries from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th.

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In other news, VP James E. Galeese bought 9,025 shares of LSI Industries stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $5.53 per share, with a total value of $49,908.25. Following the completion of the purchase, the vice president now owns 824 shares in the company, valued at approximately $4,556.72. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James E. Galeese bought 16,700 shares of LSI Industries stock in a transaction dated Friday, August 18th. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the purchase, the vice president now owns 330 shares of the company’s stock, valued at approximately $1,983.30. The disclosure for this purchase can be found here. In the last three months, insiders bought 32,525 shares of company stock worth $190,675. Insiders own 5.36% of the company’s stock.

Shares of LSI Industries Inc. (LYTS) traded up 0.77% during midday trading on Friday, reaching $6.52. 245,636 shares of the company’s stock were exchanged. The stock has a market cap of $167.59 million, a PE ratio of 55.25 and a beta of 1.62. The stock’s 50 day moving average is $6.11 and its 200-day moving average is $8.42. LSI Industries Inc. has a 12-month low of $4.99 and a 12-month high of $11.55.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $83.42 million for the quarter, compared to analysts’ expectations of $86.55 million. LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. LSI Industries’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, equities analysts expect that LSI Industries Inc. will post $0.20 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 24th. LSI Industries’s dividend payout ratio is currently 166.68%.

About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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